The Wellspring Group INC FY2021 filing

Tax-deductible

Newville, AL501(c)(3)Since 2003ReligionEIN 20-0245876Revenue $1.0M in FY2021

On file with the IRSwellspringgroup.org6721 County Road 99, 36353-8143 · Newville, ALTax-exempt since May 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Wellspring provides a discipleship model for individuals and churches to engage as a part of their overall spiritual development. This is done through retreat and small Group experiences and through equipping churches and organizations to implement the discipleship process.

501(c)(3) charity; gifts are tax-deductible.
47¢ of each $1 spent went to programs.
$257K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 7
filings with a surplus
Average deficit $17K a year · 1% of revenue · last 7 filings
Concern: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$257K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$132K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+7% vs prior year
Spent
$956K
To programs
47%
Net assets
$391K
By yearFY2020–FY2026
Revenue
$1.0M
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$950K
FY2021$1.0M
FY2022$1.8M
FY2023$1.2M
FY2024$1.8M
FY2025$1.9M
FY2026$1.4M
Expenses
$956K
FY2021▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$956K
FY2022$1.2M
FY2023$1.5M
FY2024$1.7M
FY2025$2.2M
FY2026$1.5M
Net assets
$391K
FY2021▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$330K
FY2021$391K
FY2022$1.0M
FY2023$686K
FY2024$772K
FY2025$320K
FY2026$233K

From the FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in May 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $451K Management & general 49% · $467K Fundraising 4% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $257K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$162,980Pt VII · Sec A
Managing Director
$93,800Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Larry Bolden’s $163K as Founder is at the 81st percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Larry Bolden$162,700$162,720$174,980$180,980$173,480$162,980
Abby Mandella$153,160$148,740$153,280$136,199$103,600$93,800
Tim Bennett——————
J Thomas Mullis——$123,160$122,500——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Guides people to live better lives through Christ with counseling and ministry.

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Provided by the organization

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2 programs · $451K · in their own filed words · FY2020
01

Church Coaching

Wellspring provides teaching, coaching, and materials, as well as consulting with church and business leaders.

$346Kprogram expense
02

Retreat Income

Wellspring held 5 retreats during the 2020 fiscal year.

$105Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$50K
Grants paid · 10 grants · $335K · 2021–2025
Kardia Taylor's Donor Advised FundAL · FY2025$50,000
New City Church Atlanta INCGA · FY2025$25,000
Biblica INCCO · FY2024$50,000
New City Church Atlanta INCGA · FY2024$25,000
New City Church Atlanta INCGA · FY2022$25,000
Christian Activities INCMS · FY2021$15,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$910K
Fees for servicesLn 2g$105K
Other incomeLn 4–11$1K
Money outPt IX
$956K
Ln 25
Programscol B$451K
Managementcol C$467K
Fundraisingcol D$38K
Owns and owesPt X
$391K
net assets · Ln 32
Cash and savingsLn 1–2$519K
Total assetsLn 16$523K
LiabilitiesLn 26$132K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$910K
Noncash giftsLn 1g$9K
Fees for servicesLn 2g$105K
Investment incomeLn 3$31
Other incomeLn 4–11$1K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$245K
SavingsLn 2$274K
Cash and savings togetherLn 1–2$519K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1K
Total assetsLn 16$523K
LiabilitiesLn 26$132K
Net assetsLn 32$391K
OperationsPt I, VI
EmployeesI 513
VolunteersI 680
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$337K$519K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$340K$523K
LiabilitiesLn 26$10K$132K
Net assetsLn 32$330K$391K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$258K$116K$129K$13K
Pay of disqualified personsLn 6$120K$109K$11K
Other salaries and wagesLn 7$279K$71K$188K$20K
Other employee benefitsLn 9$11K$5K$5K$544
Payroll taxesLn 10$46K$21K$23K$2K
Legal feesLn 11b$2K$1K$1K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$43K$22K$22K
Advertising and promotionLn 12$2K$842$842
Office expensesLn 13$22K$22K
Information technologyLn 14$37K$37K
TravelLn 17$23K$23K
InterestLn 20$22$22
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$105K$105K
All other expensesLn 24e$3K$561$560$2K
Total functional expensesLn 25$956K$451K$467K$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $1.4M$1.5M−$103K$233K 990 PDF
FY2025 $1.9M$2.2M−$338K$320K 990 PDF
FY2024 $1.8M$1.7M$86K$772K 990 PDF
FY2023 $1.2M$1.5M−$325K$686K 990 PDF
FY2022 $1.8M$1.2M$619K$1.0M 990 PDF
FY2021 Viewing $1.0M$956K$60K$391K 990 PDF
FY2020 $950K$1.1M−$117K$330K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,016,384 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $706,560$910,024
I-9 Program service revenuePrior year $243,020$105,101
I-10 Investment incomePrior year $105$31
I-11 Other revenuePrior year $202$1,228
I-12 Total revenuePrior year $949,887$1,016,384
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $673,474$713,898
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $393,175$242,221
I-18 Total expensesPrior year $1,066,649$956,119
I-19 Revenue less expensesPrior year −$116,762$60,265
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,016,384 across 6 lines filed
Lines not itemized here account for $1,228 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$910,024
VIII-1g Noncash contributions (included above)$9,339
VIII-1h Total contributions, gifts and grants$910,024
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $105,101$105,101
VIII-3 Investment incomeExcluded from tax $31$31
VIII-12 Total revenueRelated to mission $105,101 · Unrelated business $0 · Excluded from tax $1,259$1,016,384
Part IX · Statement of functional expenses $956,119 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $116,181 · Management $129,090 · Fundraising $12,909$258,180
IX-6 Pay of disqualified personsPrograms $108,606 · Management $11,164$119,770
IX-7 Other salaries and wagesPrograms $70,711 · Management $188,077 · Fundraising $19,924$278,712
IX-9 Other employee benefitsPrograms $4,892 · Management $5,436 · Fundraising $544$10,872
IX-10 Payroll taxesPrograms $20,863 · Management $23,182 · Fundraising $2,319$46,364
IX-11b Legal feesPrograms $1,237 · Management $1,237$2,474
IX-11c Accounting feesManagement $1,000$1,000
IX-11g Other fees for servicesPrograms $21,625 · Management $21,625$43,250
IX-12 Advertising and promotionPrograms $842 · Management $842$1,684
IX-13 Office expensesManagement $22,476$22,476
IX-14 Information technologyManagement $36,882$36,882
IX-17 TravelManagement $22,557$22,557
IX-20 InterestManagement $22$22
IX-23 InsuranceManagement $3,227$3,227
IX-24 Other expenses (24a–d)Programs $105,447$105,447
IX-24e All other expensesPrograms $561 · Management $560 · Fundraising $2,081$3,202
IX-25 Total functional expensesPrograms $450,965 · Management $467,377 · Fundraising $37,777$956,119
Part X · Balance sheet $522,880 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $176,198$244,646
X-2 Savings and temporary cash investmentsStart of year $160,507$273,925
X-4 Accounts receivableStart of year $2,366$3,131
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $1,178$1,178
X-16 Total assetsStart of year $340,249$522,880
X-17 Accounts payable and accrued expensesStart of year $8,673$8,227
X-19 Deferred revenueStart of year $1,150$363
X-24 Unsecured notes and loans payable$123,500
X-26 Total liabilitiesStart of year $9,823$132,090
X-27 Net assets without donor restrictionsStart of year $250,137$260,690
X-28 Net assets with donor restrictionsStart of year $80,289$130,100
X-32 Total net assets or fund balancesStart of year $330,426$390,790
X-33 Total liabilities and net assetsStart of year $340,249$522,880
Part XI · Reconciliation of net assets $390,790 net assets at year end
XI-1 Total revenue$1,016,384
XI-2 Total expenses$956,119
XI-3 Revenue less expenses$60,265
XI-4 Net assets at start of year$330,426
XI-8 Prior period adjustments$99
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$390,790

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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